Truman Applies for a Job at Skylight Canopy Corporation for Which

question 13

Multiple Choice

Truman applies for a job at Skylight Canopy Corporation for which he is well quali?fied,but for which he is rejected.Skylight continues to seek applicants and eventually fills the posi?tion with a person who is not a member of a mi?nority.Truman is most likely to succeed in a suit against Skylight for discrimination if he is a member of

• A)a protected class.
• B)a majority group.
• C)an employers' association.
• D)a union.

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Definitions:

Matching Principle

An accounting principle that states expenses should be recorded during the period in which they are incurred, matched with the revenues they generate.

Allowance for Doubtful Accounts

A contra-asset account that reduces the total receivables reported to reflect the amount that is expected to be uncollectible.

Bad Debt Expense

Bad debt expense is the cost associated with accounts receivable that a company cannot collect.

Allowance Method

An accounting technique to estimate and record bad debts expense, acknowledging that a certain percentage of accounts receivable may not be collectible.